Orpic inks $80 million five technology licensing contracts

Energy and Related Services

Orpic’s (Oman Oil Refineries and Petroleum Industries) $3.6 billion Liwa Plastic Project (LPP) has signed the award of five technology licensor contracts worth $80 million. The contracts relate to the various units of the project, namely NGL extraction, PyGas hydrogenation, MTBE, polypropylene and polyethylene units.

The contracts award have been awarded after a competent bidding and selection process.

LPP is a steam cracker project, which will process light ends produced in Orpic’s Sohar Refinery and its Aromatics plant as well as improve Natural Gas Liquids (NGLs) extracted from presently available natural gas supplies.

The NGL extraction technology will be delivered by Randall Gas Technologies and will be installed at the extraction plant in Fahud. The plant will transmit its products through a 300km pipeline between Fahud and Sohar Industrial Port. The Axens will provide the PyGas hydrogenation unit.Read complete story at http://www.tendersontime.com/blog-detail/orpic-inks-80-million-five-technology-licensing-contracts-158.php